2019 Q4 Form 10-K Financial Statement

#000117184320001755 Filed on March 16, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019
Revenue $30.97M $27.42M $116.2M
YoY Change -8.52% -4.25% -3.81%
Cost Of Revenue $13.74M $12.44M $51.85M
YoY Change -9.13% -2.96% -9.96%
Gross Profit $17.23M $14.98M $64.32M
YoY Change -8.04% -5.3% 1.81%
Gross Profit Margin 55.64% 54.63% 55.37%
Selling, General & Admin $11.14M $11.90M $46.02M
YoY Change -11.24% 11.45% 0.43%
% of Gross Profit 64.64% 79.43% 71.55%
Research & Development $2.650M $2.564M $10.72M
YoY Change -13.11% -7.87% -2.48%
% of Gross Profit 15.38% 17.12% 16.66%
Depreciation & Amortization $1.950M $1.940M $1.987M
YoY Change -17.37% 2.65% -17.99%
% of Gross Profit 11.31% 12.95% 3.09%
Operating Expenses $15.60M $16.34M $63.95M
YoY Change -8.22% 9.49% 2.81%
Operating Profit $1.633M -$1.365M $377.0K
YoY Change -6.26% -253.37% -61.69%
Interest Expense -$1.310M $1.348M -$5.410M
YoY Change -3.68% -7.54% -200.8%
% of Operating Profit -80.22% -1435.01%
Other Income/Expense, Net -$1.535M -$1.309M -$5.879M
YoY Change -9.55% -27.2% -34.38%
Pretax Income $98.00K -$2.674M -$5.616M
YoY Change 117.78% 194.49% -37.83%
Income Tax -$452.0K -$100.0K -$815.0K
% Of Pretax Income -461.22%
Net Earnings $550.0K -$2.620M -$4.687M
YoY Change -80.78% 923.44% 60.4%
Net Earnings / Revenue 1.78% -9.56% -4.03%
Basic Earnings Per Share $0.02 -$0.07 -$0.12
Diluted Earnings Per Share $0.02 -$0.07 -$0.12
COMMON SHARES
Basic Shares Outstanding 38.07M shares 38.04M 37.81M
Diluted Shares Outstanding 38.04M 37.81M

Balance Sheet

Concept 2019 Q4 2019 Q3 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.300M $6.800M $8.300M
YoY Change 1.22% 1.49% 1.22%
Cash & Equivalents $8.335M $6.845M $8.300M
Short-Term Investments
Other Short-Term Assets $2.472M
YoY Change -20.49%
Inventory $22.06M $23.89M $22.10M
Prepaid Expenses
Receivables $20.70M $17.09M $20.70M
Other Receivables $2.500M $4.500M $2.500M
Total Short-Term Assets $53.57M $52.30M $53.60M
YoY Change -7.37% -4.04% -7.27%
LONG-TERM ASSETS
Property, Plant & Equipment $4.776M $13.70M $13.20M
YoY Change -19.02% 153.7% 123.73%
Goodwill $57.38M $56.64M
YoY Change 0.13% 1.5%
Intangibles $38.41M
YoY Change -16.08%
Long-Term Investments
YoY Change
Other Assets $2.273M $300.0K $2.300M
YoY Change 25.23% -85.0% 27.78%
Total Long-Term Assets $111.3M $110.5M $111.3M
YoY Change 0.47% 0.0% 0.45%
TOTAL ASSETS
Total Short-Term Assets $53.57M $52.30M $53.60M
Total Long-Term Assets $111.3M $110.5M $111.3M
Total Assets $164.9M $162.8M $164.9M
YoY Change -2.22% -1.33% -2.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.339M $5.266M $5.300M
YoY Change -27.45% -2.34% -28.38%
Accrued Expenses $6.091M $9.900M $2.400M
YoY Change -17.13% 57.14% -58.62%
Deferred Revenue $3.949M
YoY Change 3.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.200M $2.600M $6.900M
YoY Change 33.33% 44.44% 15.0%
Total Short-Term Liabilities $25.31M $21.70M $25.30M
YoY Change -0.69% 12.44% -0.78%
LONG-TERM LIABILITIES
Long-Term Debt $46.92M $51.70M $46.90M
YoY Change -14.41% -12.67% -14.42%
Other Long-Term Liabilities $749.0K $10.00M $9.000M
YoY Change -77.21% 185.71% 172.73%
Total Long-Term Liabilities $47.67M $61.70M $55.90M
YoY Change -17.96% -1.59% -3.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.31M $21.70M $25.30M
Total Long-Term Liabilities $47.67M $61.70M $55.90M
Total Liabilities $83.18M $85.70M $83.20M
YoY Change -3.16% 1.9% -3.14%
SHAREHOLDERS EQUITY
Retained Earnings -$124.6M
YoY Change 3.91%
Common Stock $229.6M
YoY Change 1.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $7.746M 7.746M shares
Shareholders Equity $81.69M $77.10M $81.70M
YoY Change
Total Liabilities & Shareholders Equity $164.9M $162.8M $164.9M
YoY Change -2.22% -1.33% -2.19%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019
OPERATING ACTIVITIES
Net Income $550.0K -$2.620M -$4.687M
YoY Change -80.78% 923.44% 60.4%
Depreciation, Depletion And Amortization $1.950M $1.940M $1.987M
YoY Change -17.37% 2.65% -17.99%
Cash From Operating Activities $2.220M $3.160M $8.045M
YoY Change -14.29% -319.44% 178.95%
INVESTING ACTIVITIES
Capital Expenditures -$430.0K -$360.0K $1.216M
YoY Change 377.78% 38.46% 23.33%
Acquisitions
YoY Change
Other Investing Activities -$30.00K $0.00 $15.00K
YoY Change -94.44% -6.25%
Cash From Investing Activities -$460.0K -$360.0K -$229.0K
YoY Change -26.98% 38.46% -99.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $11.70M
YoY Change -42.06%
Cash From Financing Activities -420.0K -660.0K -$7.624M
YoY Change 16.67% -124.44% -114.37%
NET CHANGE
Cash From Operating Activities 2.220M 3.160M $8.045M
Cash From Investing Activities -460.0K -360.0K -$229.0K
Cash From Financing Activities -420.0K -660.0K -$7.624M
Net Change In Cash 1.340M 2.140M $162.0K
YoY Change -16.25% 114.0% -93.36%
FREE CASH FLOW
Cash From Operating Activities $2.220M $3.160M $8.045M
Capital Expenditures -$430.0K -$360.0K $1.216M
Free Cash Flow $2.650M $3.520M $6.829M
YoY Change -1.12% -398.31% 259.8%

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CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
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100000
CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
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CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
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CY2018 us-gaap Income Tax Expense Benefit
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CY2019Q1 us-gaap Income Tax Expense Benefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
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CY2019Q4 us-gaap Income Tax Expense Benefit
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CY2018Q1 us-gaap Income Tax Expense Benefit
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CY2018Q3 us-gaap Income Tax Expense Benefit
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CY2018Q4 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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-815000
CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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-4117000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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42000
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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205000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2019Q4 us-gaap Long Term Debt Current
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7293000
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3200000
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3200000
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CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2018 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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100000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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374000
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CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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612000
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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121000
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124000
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3667000
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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2426000
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OperatingIncomeLoss
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CY2018Q4 us-gaap Operating Lease Liability Noncurrent
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CY2018Q4 us-gaap Operating Lease Right Of Use Asset
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2018Q4 us-gaap Other Assets Current
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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1258000
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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0
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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10000
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CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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143000
CY2019 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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0
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2019Q4 us-gaap Other Liabilities Current
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CY2018Q4 us-gaap Other Liabilities Noncurrent
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CY2018 us-gaap Other Noncash Income Expense
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CY2019 us-gaap Other Nonoperating Income Expense
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CY2018 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Research And Development Expense
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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16000
CY2019 us-gaap Payments For Restructuring
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281000
CY2019 us-gaap Payments Of Debt Issuance Costs
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CY2018 us-gaap Payments Of Debt Issuance Costs
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2006000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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68548000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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1216000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
986000
CY2019Q4 us-gaap Preferred Stock No Par Value
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0.01
CY2018Q4 us-gaap Preferred Stock No Par Value
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CY2019Q4 us-gaap Preferred Stock Shares Authorized
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CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2019Q4 us-gaap Preferred Stock Shares Issued
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0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
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0
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="font: 10pt Times New Roman, Times, Serif; min-width: 700px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: top; text-align: justify"><td style="width: 48px; text-align: left"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">(u)</div></div></td> <td style="text-align: justify"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Prior Period Financial Statement Correction of Immaterial Error</div></div></td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">&nbsp;</div></div></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt"></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">During the quarter ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>the Company identified an immaterial misclassification error in the Company&#x2019;s consolidated balance sheet as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018.</div>&nbsp; The immaterial misclassification understated the current portion of the long term debt balance and overstated the long-term debt balance, less current installments.&nbsp; This misclassification, in the amount of approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$4.0</div></div> million, related to the classification of the Company&#x2019;s excess cash flow payment made to its lenders during the month ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> April 30, 2019 </div>as long term instead of current on its consolidated balance sheet at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018. &nbsp;</div>The misclassification had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> impact on the total reported debt.&nbsp; Refer to footnote <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14</div> for further details. The Company assessed the materiality of this error on the financial statements for prior periods in accordance with the SEC Staff Accounting Bulletin (SAB) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">99,</div> Materiality, codified in Accounting Standards Codification (ASC) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">250,</div> Presentation of Financial Statements, and concluded that it was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> material to any prior annual or interim periods.&nbsp; The Company recorded an adjustment to decrease the long term debt balance, less current installments and increase the current portion of the long term debt balance in the consolidated balance sheet at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> with <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> impact on total reported debt.</div></div></div></div></div></div></div></div></div></div></div></div>
CY2019 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
1002000
CY2018 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
15754000
CY2019 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
4300000
CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
70700000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
252000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
391000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19716000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23336000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4776000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5898000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
288000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
25000
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-411000
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-700000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11703000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20198000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10988000
CY2019 us-gaap Restructuring Charges
RestructuringCharges
1354000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
368000
CY2019 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
705000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-124576000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-119889000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
116176000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120774000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28202000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29584000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27418000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30972000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26759000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31522000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28635000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33858000
CY2019 us-gaap Revenues
Revenues
116176000
CY2018 us-gaap Revenues
Revenues
120774000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
177000
CY2019Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
6900000
CY2018Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
5982000
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
23264000
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
24443000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
3034000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
3044000
CY2000 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
0.85
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
20908929
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2600000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
189069
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
231842
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
630284
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.96
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.96
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
104585
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
943424
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.40
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.83
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
257000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3780244
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1956732
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2266122
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.95
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.25
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.50
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.98
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.48
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.28
CY2019 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
1.78
CY2019Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1649299
CY2019Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2266122
CY2019 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
5.78
CY2019Q4 us-gaap Share Price
SharePrice
3.05
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
50000
CY2019Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
4.28
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y255D
CY2019Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
3.93
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y346D
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
245000
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
246000
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
391000
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
252000
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
182000
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
10000
CY2019 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
190642
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
89308
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1696255
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3750
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
160000
CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
325000
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5166000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
81694000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
82724000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
80900000
CY2019 us-gaap Sublease Income
SubleaseIncome
429000
CY2019Q4 us-gaap Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
10668000
CY2018Q4 us-gaap Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
10668000
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7745507
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36453126
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7745507
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
323000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1860000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1353000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Acquisition
UnrecognizedTaxBenefitsDecreasesResultingFromAcquisition
65000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
133000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
398000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
1389000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
21000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
242000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
68000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
94000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="font: 10pt Times New Roman, Times, Serif; min-width: 700px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: top"><td style="width: 48px; font-family: Calibri, Helvetica, Sans-Serif"><div style="display: inline; font-family: Times New Roman, Times, Serif; font-size: 10pt"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">(b)</div></div></div></td> <td style="font-family: Calibri, Helvetica, Sans-Serif"><div style="display: inline; font-family: Times New Roman, Times, Serif; font-size: 10pt"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Use of Estimates</div></div></div></td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the use of management estimates. Such estimates include the determination and establishment of certain accruals and provisions, including those for inventory excess and obsolescence, income tax and reserves for bad debts. In addition, certain estimates are required in order to determine the value of assets and liabilities associated with acquisitions, as well as the Company&#x2019;s defined benefit pension obligations. Estimates are also required to evaluate the value and recoverability of existing long-lived and intangible assets, including goodwill. On an ongoing basis, the Company reviews its estimates based upon currently available information. Actual results could differ materially from those estimates.</div></div></div></div></div></div></div></div></div></div></div></div>
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-200000
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2500000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37813580
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37813580
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36453126

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